S.C. Code § 33-41-390

Current through 2024 Act No. 120.
Section 33-41-390 - Liability of incoming partner

A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his admission as though he had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.

S.C. Code § 33-41-390

1950 (46) 1841; 1952 Code Section 52-29; 1962 Code Section 52-29.